Accounting Methods: Cash vs. Accrual

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Officially, there are two types of accounting methods, which dictate how the company’s transactions are recorded in the company’s financial books: cash-basis accounting and accrual accounting. The key difference between the two types is how the company records cash coming into and going out of the business. Within that simple difference lies a lot of room for error — or …

Enter or Edit your Payroll Key

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Enter or edit your payroll service key When you purchase QuickBooks Payroll, you are assigned a 16-digit service key that is specific to your EIN and payroll service. You must enter this service key into QuickBooks to activate the payroll service in your QuickBooks file.1.Obtain your service key. It usually comes by e-mail. If you do not have your service …

Adding a Bonus to a Regular Paycheck

Adding a BONUS to a regular paycheck

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How to create a Bonus Check in Intuit’s Enhanced or Assisted Payroll You can add employee bonuses to any payroll run.  Of course, you can also cut separate bonus checks any time you like!   There are advantages to paying bonuses on a separate check. but if you prefer to add to their normal paycheck I will walk you through the steps below.  You …

QuickBooks Payroll Software

QuickBooks Payroll Comparison

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Finding a cost-effective way to pay your employees while remaining complaint with all the current payroll laws can sometimes be a daunting task. Intuit offers several different payroll options both inside of QuickBooks or using a product that imports into QuickBooks. All of the payroll options Intuit currently supports allow for you to process your own payroll, print checks inhouse …

Classes Creation in QuickBooks

CLASS TRACKING

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Want to go beyond standard account-based tracking in QuickBooks? Expanding into Class Tracking provides you with  customization  and a way to track specific expenses, categorize shared expenses across multiple accounts and handle the accounting for one-off and occasional expenses that aren’t necessarily associated with a particular account type. QuickBooks offers a user-friendly method for setting up class tracking, allowing you to get …

Void Check

VOIDED CHECK

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When you need to void a check, there are several things to consider. Here a few tips to ensure it is done properly. CHECK IN THE CURRENT PERIOD If the check is in the current period, simply change the amount to zero. Leave everything else alone. In QuickBooks you will go up to the top of the screen and choose …

Outsourcing Payroll with Intuit

Outsourcing Payroll with Intuit

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Outsourcing Payroll with Intuit frees up time so you can focus on growing your business and have peace of mind knowing your payroll is completed accurately and timely. So how do you determine if outsourcing payroll makes sense for your business? Payroll – this is one word most everyone regardless of business type – understands. Or do they? Payroll has …

Intuit Full Service Payroll

Intuit Full Service Payroll Overview

Beverly Lang Payroll

Intuit Full Service Payroll provides a worry-free outsourced payroll option so you can focus on what you love. Whether you’re a business or organization, you’ll discover super-simple payroll — and everything else you need to manage your people better. Worry-free… you enter the hours and we do the rest. * We setup, run payroll, and file payroll taxes for you …

Payroll Checklist

Payroll Checklist

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Have you ever wished there was a payroll checklist that had everything you needed to get going with a QuickBooks outsourced payroll solution? Well here is it! I get a lot of questions regarding the onboarding process for clients and customers when they make the decision to switch to a QuickBooks outsourced payroll solution. So, I created this payroll checklist …

Manual Payroll Processing QuickBooks

Manual Payroll Processing

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Manual payroll processing can be set up in QuickBooks if you choose not to subscribe to a QuickBooks Payroll service. With a few steps, QuickBooks allows you to manually calculate your employees’ payroll. Below are the steps you need to follow to turn on the QuickBooks manual payroll. These instructions are only for those who have never processed payroll in …